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13 December 2024 | 2 replies
Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.
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16 December 2024 | 12 replies
This usually involves putting down 20% down payment on 150K-170K houses.
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13 December 2024 | 7 replies
You can do cost seg in 2025 before filing your tax return, and your apply for your 2024.This post does not create a CPA-Client relationship.
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16 December 2024 | 23 replies
There is a lot of risk involved with that and it could turn out to be a problem with the wrong people in place.
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12 December 2024 | 18 replies
Even someone like Brandon Turner is less and less involved in his syndications, so there's an increased risk that his syndications will not be run with his original values in place.
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11 December 2024 | 0 replies
For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.
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11 December 2024 | 4 replies
I am honestly quite curious about what your process would be...I would assume you need to file some paperwork with the county.
10 December 2024 | 2 replies
Ask for a "Pre-Underwrite" this is where the bank underwrites the file and give you a "Loan Commitment" instead of a generic "Pre-approval" letter.
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9 December 2024 | 4 replies
You may be able to get a levy against their bank account or file a wage garnishment without the need for going to collections.
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9 December 2024 | 2 replies
Proc. 2018-58, 2018-50 IRB 990 (Dec. 10, 2018), that are due to be performed on or after Oct. 5, 2024, and before May 1, 2025, are granted additional time to file through May 1, 2025." the 45 day identification deadline is extended because Rev.